Small Business

September 19, 2018 

Although the average cost for small and medium-sized businesses to recover from a cyber-attack is estimated to be $120,000, 83% of SMBs do not have any money reserved to get back to business as usual should a breach occur. A quarter were unaware it ...

September 19, 2018 

Philanthropy is a major focus for entrepreneurs—79 percent say that charitable giving is a critical part of who they are, and 47 percent consider themselves philanthropists. Entrepreneurs tend to give more than others, with the median annual donation ...

September 14, 2018 

Small and mid-sized businesses are more vulnerable to fraud than larger organizations, and the effects can be more damaging. The types of fraud that businesses need to be aware of generally fall into three categories: Theft, financial statement fraud ...

Isaac M. O'Bannon

September 11, 2018 

eCommerce is growing every year, and it has become a major force in the global economy. The online market is expected to grow 56% by 2020, with other traditional markets only expected to experience 2% overall growth during the same time period.

September 11, 2018 

Hurricane Florence recently dealt a harsh blow to the East Coast, while storms Isaac and Olivia threatened other areas, yet most small businesses don't have a plan for if the storms affect them.

September 10, 2018 

Visit any coffeehouse and you’ll see customers paying with the cellphones. Go to a flea market or craft show and instead of a clumsy credit card machine, you’ll see a nice little attachment on the seller’s cellphone that processes payments instantly.

Mary Girsch-Bock

September 10, 2018 

 3 Steps to Developing Your Next BIG Idea  By Steve Dusablon, CEO cPaperless   As much as we’d like to believe it, great ideas don’t typically appear out of thin air. More often than not, the best innovations come from immersing ourselves in our work and becoming as familiar with it as possible. Of course,...…

September 5, 2018 

Managing inventory properly is a critical function for retail-based businesses, as well as for service-based businesses, like plumbers and electricians, who may sell products along with the services. This is because inventory costs reflect affect actual profit, and inventory in stock affects is considered an asset for balance sheet, business valuation and taxation purposes.

Isaac M. O'Bannon

September 5, 2018 

Confidence in the economy was reflected in small business owner attitudes about their current and future financial situation. In the July Wells Fargo/Gallup Small Business Index, 78 percent of small business owners reported their financial situation ...

September 3, 2018 

Women entrepreneurs are increasingly optimistic about the future and leading the digital transformation, according to the 2018 Bank of America Women Business Owner Spotlight. The annual study of more than 1,000 entrepreneurs across the country found increased confidence toward future revenue growth, as 58 percent of women entrepreneurs expect their revenue to increase in the...…

September 3, 2018 

At least one-quarter of small businesses (27%) do not keep their personal and business finances in separate bank accounts. While this works for some businesses, it's typically not recommended and potentially is risky, experts said.

August 24, 2018 

Women started an average of 1,821 new businesses per day in the U.S. between 2017 and 2018, according to analysis in the 2018 State of Women-Owned Businesses Report (PDF) commissioned by American Express. This level of new business formation ...